Saudi Arabia’s industrial strategy under Vision 2030 faces a clear challenge:
– High reliance on imports in key sectors
– Limited local manufacturing depth
– Need to accelerate industrial diversification
To address this, the Saudi Industrial Development Fund (SIDF) launched the Standard Incentive Program (SIP)
The goal?
To boost local production of products not yet manufactured in the Kingdom and attract international players to set up facilities in Saudi Arabia.
What SIP offers:
- Grants up to 50 million SAR per project
- Support for both local and international investors
- Backing for projects that reduce imports and close supply chain gaps
Eligibility requirements include:
- Product not currently manufactured in KSA
- Technology transfer and local value creation
- Commitment to operational excellence and Saudization targets
At MTSI Solutions, we specialise in navigating the SIP application process end-to-end:
- Feasibility & eligibility assessments
- Application preparation & structuring
- Alignment with SIDF, MISA, and other regulatory bodies
- Full oversight until approval
With deep regional experience, MTSI Solutions helps companies unlock incentives and establish sustainable growth in Saudi Arabia.
